Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates of housing construction ...

Australia 2nd Quarter Current Account Deficit Widens

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--Australia's current account deficit widened to a seasonally adjusted A$13.7 billion in the second quarter, the Australia Bureau of Statistics said Tuesday. The deficit for the first quarter was revised upwards to A$7.8 billion from A$5.7 billion, the ABS said. ...

South Korea Inflation at 1.4% in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SEOUL--South Korea's consumer price index rose 1.4% on the year in August, slower than the market expected, government data showed Tuesday. The August reading, below the median 1.5% increase forecast by economists surveyed by The Wall Street Journal, came after ...

Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates ...

South Korea Inflation At 1.4% in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Kwanwoo Jun SEOUL--South Korea's consumer price index rose 1.4% on the year in August, slower than the market expected, government data showed Tuesday. The August reading, below the median 1.5% increase forecast by economists surveyed by The Wall Street ...

Australia 2Q Current Account Deficit Widens

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--Australia's current account deficit widened to a seasonally adjusted A$13.7 billion in the second quarter, the Australia Bureau of Statistics said Tuesday. The deficit for the first quarter was revised upwards to A$7.8 billion from A$5.7 billion, ...

Australia Central Bank Holds Interest Rates Steady

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--Australia's central bank left its benchmark interest rate at a record low for a 13th-straight month Tuesday, after predicting slower-than-average growth ahead as the nation's mining boom slows and its currency remains strong. The Reserve Bank of ...

Australia's RBA Holds Interest Rates Steady

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--Australia's central bank left its benchmark interest rate at a record low for a 13th-straight month Tuesday, after predicting slower-than-average growth ahead as the nation's mining boom slows and its currency remains strong. The Reserve Bank of Australia left its ...

Japan July Total Average Wages +2.6% on Year

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

TOKYO--Japanese wages rose at their fastest pace in over 17 years in July, tempering concerns about the strength of the nation's economic recovery. Data released by the Ministry of Health, Labor and Welfare Tuesday showed that total average monthly wages ...

Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates ...

China Home Prices Fall for Fourth Straight Month

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

By Esther Fung SHANGHAI--China's average home prices fell in August for the fourth straight month, though at a slower pace, as property developers continue to struggle with excess supply. Average new home prices fell 0.6% in August from July, moderating ...

China Manufacturing PMI Falls to 51.1 in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

BEIJING--An official gauge of China's manufacturing activity fell in August from a 27-month high in July, data showed Monday. The official manufacturing Purchasing Managers Index fell to 51.1 in August from 51.7 in July, the China Federation of Logistics and ...

MARKET SNAPSHOT: Why September May Slow Further S&P Records

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

By Wallace Witkowski, MarketWatch SAN FRANCISCO (MarketWatch) -- September has recently started shedding its reputation as one of the worst stock market months of the year, but strategists note the psychological pressure of big round numbers in the S&P; 500 ...

Euro-zone Manufacturing Slows

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

Activity in the euro zone's manufacturing sector slowed more sharply than first estimated in August, with Italy joining France in contraction, while German factories had their most sluggish month since September of last year. By contrast, economies that have been ...

Spanish Manufacturing Slows for Second Straight Month

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

By Paul Hannon Activity in Spain's manufacturing sector slowed for the second straight month in August, a sign that the economic recovery may be losing some momentum. The headline measure from data firm Markit's monthly survey of purchasing managers at ...

Indian Manufacturing Continues to Expand in August -PMI Survey

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

By Anant Vijay Kala NEW DELHI--Manufacturing activity in India in August continued to expand albeit off a 17-month high in July, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index prepared by Markit showed. The index was 52.4, according to ...

Swedish PMI Falls in August, Weighs on Currency

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

By Charles Duxbury STOCKHOLM--Sweden's purchasing managers' index for manufacturers fell in August, causing investors to back away from the country's currency as further easing from the central bank began to look more likely. The Swedish PMI fell to 51.0 in ...

Indonesia HSBC Manufacturing PMI 49.5 in August Vs. 52.7 in July

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

By Andreas Ismar JAKARTA, Indonesia--HSBC's Indonesia manufacturing Purchasing Managers Index for August fell 49.5 compared with highs of 52.7 recorded in June and July, HSBC said Monday. "The deterioration in manufacturing-sector conditions in August is surprising particularly in light of ...

Fortum Buys Stake in Wave Energy Developer

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

By Dominic Chopping Finnish utility Fortum Oyj (FUM1V.HE) said Monday it has bought a 13.6% stake in Finnish wave energy developer Wello Oy. The company said the Penguin wave energy converter, developed by Wello, is based on a floating vessel ...